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The Executive Board of the International Monetary Fund (IMF) has approved an 18-month Stand-By Arrangement for an amount equivalent to SDR 935.4 million (about US$1.5 billion or €1.1 billion) for the Republic of Serbia. However, the Serbian authorities intend to treat the arrangement as precautionary, and not to draw on Fund resources unless the need arises.

The Executive Board of the International Monetary Fund (IMF) today completed the third review of the program with El Salvador supported by the three-year Stand-By Arrangement (SBA) approved in March 2010.

At a conference in Tokyo on October 3 jointly organized by the IMF’s Fiscal Affairs Department and Regional Office for Asia and the Pacific, close to 60 senior government officials and leading academics from 11 countries discussed public health reform in Asia. The conference was generously supported by the Japanese government.

New Delhi: The draft National Policy of Electronics, 2011 has envisaged creation of a globally competitive electronics systems and design manufacturing (ESDM) industry including nano-electronics in the country, to meet both domestic demand and exports.

MANILA, PHILIPPINES – The Asian Development Bank (ADB) will help Viet Nam upgrade roads in remote northern provinces to reduce the area’s isolation and deliver new economic opportunities to some of the country’s poorest people.

MANILA, PHILIPPINES – The Asian Development Bank (ADB) is extending $200 million to improve the water supply and other urban services in Guwahati and Dibrugarh―two major cities in the Indian state of Assam.

Will the steep low in Pakistan-US relations impact India’s –particularly of Jammu and Kashmir’s security environment? Will it also have its fallout on India-Pakistan peace process? The questions call for perceiving the possible scenarios that may emerge on the two fronts.

New Delhi: The Indian Air Force (IAF) has planned to strengthened its airfields in Kargil and Nyoma in Ladhak with a view to protect the country’s borders with Pakistan and China.

NEW DELHI: China’s recent muscle flexing in the maritime waters of the North Pacific will be the subject of discussion at the East Asia Summit scheduled to be held at Bali in the middle of November this year. Prime Minister Dr. Manmohan Singh will be attending the Summit just after returning from the SAARC summit at Maldives.

New Delhi: Indian business community has become upbeat with the promises of better trade relations between India and Pakistan.